Belmont Club

By Richard Fernandez

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Then and now

March 5, 2009 - 7:38 pm - by Richard Fernandez
E. Nigma
2009-03-05 22:59:28

I’ve read that intelligence operatives (spies) of the Soviet Union told Stalin that the Germans were going to attack him in 1941. Of course, Stalin had the Molotov-Ribbentrop pact which said no such thing was possible.
He had the correct “intelligence”, but refused to believe it because it conflicted with that which he wished to believe. And millions died.

What happens when the fantasy world of politicians collides with the reality world?

What happens when those carbon cap and trade policies run up against the hard, cold truths that solar and wind just won’t cut it in many parts of America in replacing the baseline electrical load?
What happens when for some reason American investors don’t recognize that this is a “great time” to buy stocks because the “profit and earnings ratio” is so favorable?

Blank out. There is no logical response to the projections of a wishful imagination confronting the real world, except “blank out.”

Mr. Fernandez, “He won!”. That trumps it all, doesn’t it?